Sony Ericsson Becomes Sony
Sony has acquired 50% stake in Sony Ericsson Mobile Communications for Euro 1.05 bn. Ericsson and Sony will work to drive and develop the market’s adoption of connectivity across multiple platforms. This transaction now enables Sony to integrate smartphones into its array of networkconn ected consumer electronics devices for the benefit of consumers and the growth of its business. The transaction also provides the Japanese company with a broad intellectual property (IP), cross-licensing agreement covering all products and services of it, as well as ownership of 5 essential patent families relating to wireless handset technology.